Market Snapshot - February 14th 2018

in steem •  8 months ago

Top 10 Cryptos

Valentine's Day seems t be gentle with the crypto hodlers: at the moment of writing, top 10 cryptos were all in green, with Stellar and Litecoin posting double digit gains.


Screen Shot 2018-02-14 at 10.27.40 AM.png


There seems to be an overall positive sentiment across the entire market, with very bullish moves during the last few hours.

STEEM And SBD

At the moment of writing, STEEM was trading, on average, at $4.25 on Coinmarketcap, slightly up from yesterday.

On Bittrex, the 30 minutes chart shows mostly sideways trading.


Screen Shot 2018-02-14 at 10.27.53 AM.png


The 1 hour chart shows the same sideways pattern, with a slight bullish tendency.


Screen Shot 2018-02-14 at 10.28.28 AM.png


The 1 day chart has the same price for the last 3 days, at the end of a triangle pattern. Price may move soon, hard to tell in which direction, but the scenarios for an uptrend seem to be more consistent.


Screen Shot 2018-02-14 at 10.28.33 AM.png


SBD was trading, at the moment of writing, at $5.11 on average, slightly up from yesterday. The 30 minutes chart on Bittrex shows very small variations.


Screen Shot 2018-02-14 at 10.28.43 AM.png


The 1 hour chart suggests that the 54k satoshi level is becoming stronger.


Screen Shot 2018-02-14 at 10.28.50 AM.png


The 1 day chart shows a potential stabilization in the 54k satoshis area.


Screen Shot 2018-02-14 at 10.28.59 AM.png


SBD to STEEM Ratio

At the moment of writing, according to steem.supply, you could buy 1.205 STEEM with 1 SBD, up from yesterday and the parity continues to be broken. Although there are a few variations, the median price is going steadily up.


Screen Shot 2018-02-14 at 10.29.22 AM.png


Overall opinion: STEEM is waiting for a new move, potentially upwards (if there's no significant bad news, which in crypto may happen any time) while SBD seems to be holding on to its position above $5.

Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


Dragos Roua


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Good to start the Valentine's Day with the positive news of bullish market...

Let's hope it stays green! Valentines day has enough red hearts and roses, we don't need it on the charts :)

Seems like red is busy celebrating Valentine's day. SBD is 4.84 today. I hope it stays the same and the price of the coins goes up. Steem On!

I'm so glad to see the market finally stabilizing after that whole mess in January and the beginning of February. Hopefully Valentine's day gives us some steady grow as a gift for those of us who are single :-D

Thanx for sharing.. Good news about steem and sbd.. Hope to see steem back up and up

I have a feeling that the market going to jump up today

the price of top alts are in the same levels +-8% for to much time

I like your post
this paper is very interesting

Cool post Because you get bitcoin tags do you have predictions for steem in 2019? Also follow you for future post :)

Awesome research, this is helpful for a minnow like me, thumbs up!

Good news and i hope this news put good impact on crypto space and we might see bullish run again, thanks for sharing this news with us, Stay blessed. have a nice day bro

Great review man
so nice to see the market going up

i really like you analysis on STEEM And SBD

Thanks for share news about steem and SBD. Keep it up. Best of luck for future.

Overall opinion: STEEM is waiting for a new move, potentially upwards (if there's no significant bad news, which in crypto may happen any time) while SBD seems to be holding on to its position above $5.

You are very right about your opinion, we should be expecting a bullish trend in the price of steem and sbd provided there is no negative news as we all know that news drives the crypto market positively or negatively.

We are going to see one more dip before we get out of consolidation trend. Litecoin had a good pump today relative to top 10. March should be a very good month for crypto.

HOPE FOR THE BEST.
This Valantine's Day good for market.
Glad to see...........

This update news about cryptocurrencies is very helpful for us. Thankyou for sharing. happy valentine day to you.

its helpful.. thanks for sharing😍😍

lets hope it stays better :) and more for STEEM ;)

It is so nice to see green colors on the chart. The Crypto Market has stabilize and most of them are now in going sideways thus consolidating. Some of them are prepping to run upwards.

Hello @dragosroua, It opens the day with tranquility ... according to the graph SBD to Steem ratio, I understand that it is good time to change from SBD to Steem?

Crypto too love valentines day hahah :D crypto lovers rock